2. Warner music groups is a music record company founded by Warner Bros founded in 1958 and has recently become an independent company rather than for Warner Bros. Warner music group owns some of the best recording studios worldwide, including Asylum, Atlantic, Cordless, East West, Elektra, Nonesuch, Reprise, Rhino, Roadrunner, Rykodisc, Sire, Warner Bros. and Word. Out of all the major record companies it is the third largest with a net income of $56billion as of 2008.